This is an interesting development today for INR.
They have sold half their project, so they now maintain a 50% ownership, so does that mean the share price should now be half of it's current value (market cap), and if not, what is fair value, and what is the validated basis for a new value?
They have sold a fair chunk to Sibanye at 65 cents, so I'm assuming they reached that value somehow, or that Goldman Sachs reached that value somehow.
So is INR now worth half (50%) of 65 cents, or about 33 cents?
I'd suggest that because of the de-risking, and quality of the JV partner, that it's worth more than 33 cents at current value, but not 65 cents now.
A reasonable current valuation may probably put it at around 45 cents or thereabouts, considering that a year ago it was only 10 cents before Lithium boom Mark II, which still gives it a 350% rise over the year, and a much fairer valuation.
Gw
- Forums
- ASX - By Stock
- INR
- Ann: Investor Presentation - Sibanye-Stillwater Investment
Ann: Investor Presentation - Sibanye-Stillwater Investment, page-116
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add INR (ASX) to my watchlist
|
|||||
Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $327.2M |
Open | High | Low | Value | Volume |
13.0¢ | 14.0¢ | 13.0¢ | $196.2K | 1.444M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 549184 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 649678 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 549184 | 0.135 |
17 | 596657 | 0.130 |
16 | 412604 | 0.125 |
27 | 1004027 | 0.120 |
21 | 954952 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 649911 | 18 |
0.145 | 1060354 | 18 |
0.150 | 289944 | 10 |
0.155 | 607862 | 2 |
0.160 | 223638 | 4 |
Last trade - 14.50pm 27/08/2024 (20 minute delay) ? |
Featured News
INR (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online